Average Business Development Engineer Salary in Liechtenstein for 2024

In this article, we will look at the average Business Development Engineer salary for 2024 in Liechtenstein and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Swiss franc. To keep things simple, we are using the CHF currency code instead of the currency symbol Fr.

How Much Does a Business Development Engineer Make in Liechtenstein?

A Business Development Engineer working in Liechtenstein will typically earn around 62,860 CHF per year, and this can range from the lowest average salary of about 31,180 CHF to the highest average salary of 100,280 CHF.

Average Annual Salary
62,860 CHF
Average Monthly Salary
5,238 CHF

Lowest Annual Salary
31,180 CHF
Lowest Monthly Salary
2,598 CHF

Highest Annual Salary
100,280 CHF
Highest Monthly Salary
8,356 CHF

These are average salaries for a Business Development Engineer in Liechtenstein and include benefits such as housing and transport. It's also possible for a Business Development Engineer to earn more or less than the average salaries shown above.

Business Development Engineer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Business Development Engineer Salaries in Liechtenstein

So we've looked at the average salaries a Business Development Engineer will earn in Liechtenstein. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Development Engineer can earn between 31,180 CHF and 100,280 CHF on average in Liechtenstein. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Business Development Engineer in Liechtenstein is 66,480 CHF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 66,480 CHF, and 50% of the population earn more than 66,480 CHF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Business Development Engineer salary in Liechtenstein, 25% of the population are earning less than 43,520 CHF while 75% of the population earn more than 43,520 CHF.

75% of the population earn less than 86,460 CHF, and 25% of the population earn more than 86,460 CHF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Business Development Engineer Salary by Experience Level in Liechtenstein

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average business development engineer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Business Development Engineer in Liechtenstein that has less than two years of experience can expect to earn somewhere in the region of 39,160 CHF.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Engineer salary would increase to 48,740 CHF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Engineer, the average salary would be 65,080 CHF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 80,640 CHF.
  • 15 - 20 Years Experience. A Business Development Engineer with 15 to 20 years of experience can earn an average of 89,120 CHF.
  • 20+ Years Experience. For a Business Development Engineer with more than 20 years, the expected average salary increases to 92,680 CHF.

Average Salary by Experience Chart

0-2 Years
39,160 CHF
2-5 Years +29%
48,740 CHF
5-10 Years +38%
65,080 CHF
10-15 Years +24%
80,640 CHF
15-20 Years +7%
89,120 CHF
20+ Years +7%
92,680 CHF

Business Development Engineer Salary by Education Level in Liechtenstein

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Business Development Engineer in Liechtenstein based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Business Development Engineer in Liechtenstein with a high school education can earn an average salary of 48,200 CHF.

  • Certificate or Diploma. A Business Development Engineer in Liechtenstein with a certificate or diploma education can earn an average salary of 54,460 CHF.

  • Bachelor's Degree. A Business Development Engineer in Liechtenstein with a bachelor's degree education can earn an average salary of 73,260 CHF.

  • Master's Degree. A Business Development Engineer in Liechtenstein with a master's degree education can earn an average salary of 91,580 CHF.

Average Salary by Education Chart

High School
48,200 CHF
Certificate or Diploma +15%
54,460 CHF
Bachelor's Degree +35%
73,260 CHF
Master's Degree +26%
91,580 CHF

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Liechtenstein is around 26,600 to 79,700 CHF and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Business Development Engineer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Liechtenstein, a male business development engineer will earn an average of 65,920 CHF, while a female business development engineer will earn around 59,660 CHF.

This means that a male business development engineer earns approximately 10% more than a female business development engineer for performing the same job.

Average Salary by Gender Chart in Liechtenstein

Male
65,920 CHF
Female -10%
59,660 CHF

Business Development Engineer Average Pay Raise in Liechtenstein

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Business Development Engineer in Liechtenstein is around 9% every 28 months.

The national average pay raise across all professions and industries in Liechtenstein is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Business Development Engineer in Liechtenstein can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Liechtenstein for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Liechtenstein.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Business Development Engineer Bonus and Incentive Rates in Liechtenstein

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Business Development Engineer is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
63%
No Bonus
37%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Liechtenstein earn approximately 10% more than private sector employees in the same role.

Public Sector
66,260 CHF
Private Sector -10%
60,480 CHF

Salaries for Jobs Similar to a Business Development Engineer

In the table below, we have salary information for jobs that are similar to a Business Development Engineer in Liechtenstein.

Job Title Category Salary
Assistant Business Development Manager Business Planning 91,320 CHF
Assistant Merchandise Planner Business Planning 51,800 CHF
Business Advisor Business Planning 84,180 CHF
Business Analyst Business Planning 79,280 CHF
Business Consultant Business Planning 76,440 CHF
Business Continuity Associate Business Planning 49,360 CHF
Business Developer Business Planning 53,660 CHF
Business Development Analyst Business Planning 57,080 CHF
Business Development Associate Business Planning 39,560 CHF
Business Development Coordinator Business Planning 48,820 CHF
Business Development Director Business Planning 114,380 CHF
Business Development Executive Business Planning 84,580 CHF
Business Development Manager Business Planning 99,460 CHF
Business Development Specialist Business Planning 80,580 CHF
Business Manager Business Planning 96,500 CHF
Business Operations Specialist Business Planning 71,280 CHF
Business Process Writer Business Planning 43,340 CHF
Business Systems Analyst Business Planning 80,800 CHF
Capacity Planner Business Planning 57,620 CHF
Capacity Planning Supervisor Business Planning 72,420 CHF
Change Communications Analyst Business Planning 75,980 CHF
Change Control Analyst Business Planning 72,380 CHF
Change Impact Analyst Business Planning 75,500 CHF
Contracts Executive Business Planning 78,620 CHF
Corporate Strategy Analyst Business Planning 81,960 CHF
Cost Control Engineer Business Planning 54,140 CHF
Cost Controller Business Planning 54,560 CHF
Cost Estimator Business Planning 51,340 CHF
Data Executive Business Planning 42,460 CHF
Data Manager Business Planning 58,720 CHF
Data Processing Manager Business Planning 71,020 CHF
Development Researcher Business Planning 58,440 CHF
Director of Business Development Business Planning 119,020 CHF
Director of Production Planning Business Planning 102,380 CHF
Due Diligence Analyst Business Planning 82,920 CHF
Estimating Manager Business Planning 86,460 CHF
General Manager Business Planning 102,020 CHF
Incident Handler Business Planning 53,320 CHF
Incident Specialist Business Planning 69,580 CHF
Lean Consultant Business Planning 61,760 CHF
Manager Business Planning 111,900 CHF
Marketing and Business Development Manager Business Planning 94,800 CHF
Materials Planner Business Planning 34,360 CHF
Merchandise Assistant Business Planning 35,560 CHF
Merchandise Controller Business Planning 33,980 CHF
Merchandise Planner Business Planning 34,380 CHF
Operations Analyst Business Planning 73,040 CHF
Operations Manager Business Planning 79,000 CHF
Operations Research Analyst Business Planning 48,920 CHF
Planning and Reporting Manager Business Planning 90,980 CHF
Planning Director Business Planning 107,880 CHF
Project Administrator Business Planning 54,460 CHF
Project Manager Business Planning 80,800 CHF
Project Planner Business Planning 51,080 CHF
Research Assistant Business Planning 44,720 CHF
Research Engineer Business Planning 52,540 CHF
Research Officer Business Planning 38,680 CHF
Risk Management Specialist Business Planning 78,400 CHF
Scholarship Coordinator Business Planning 41,980 CHF
Store Planner Business Planning 39,080 CHF
Strategy Director Business Planning 112,180 CHF
Top Research and Development Executive Business Planning 114,380 CHF

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